Dollar likely to rise, but rally will lose steam later in 2021, Forum says

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration By Divya Chowdhury and Lisa Pauline Mattackal (Reuters) – Economic growth and higher bond yields will keep the U.S. dollar stronger for now, but the rally will lose steam later in 2021 because of a dovish Federal Reserve and rising […]

Continue Reading

Brexit: von der Leyen to speak with Boris Johnson later today; negotiations could continue until Wednesday

The latest on the Brexit news front European Commission president, Ursula von der Leyen, is to speak with UK prime minister, Boris Johnson, later today at 1600 GMT. Just be aware of the timing in case we hear of anything substantial after that. Adding to that, RTE’s Tony Connelly also reports that talks could stretch […]

Continue Reading

Global oil demand unlikely to get vaccine boost until later in 2021, says IEA

© Reuters. Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub By Noah Browning LONDON (Reuters) – Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into 2021, the International Energy Agency (IEA) said on Thursday, a view that […]

Continue Reading

EUR/USD in a pre-NFP lull, what levels to look out for later in the day?

EUR/USD sits little changed in a 24 pips range so far today For bank trade ideas, check out eFX Plus Although stocks have reversed course in the opening hour of European cash trading, major currencies continue to sit tight in a pre-NFP lull for the most part so far today. EUR/USD is looking tepid, ranging […]

Continue Reading

Heads up: Trump will brief the press on coronavirus vaccine update later today

White House adviser, Kellyanne Conway, confirms with Fox News Says that Trump will get a coronavirus vaccine update later today and will be briefing the press, discussing six vaccine candidates. On the topic of Russia releasing the first “official” vaccine earlier today, she says that the US’ standards are more stringent. Let’s block ads! (Why?) […]

Continue Reading

Economic data due from Asia today – RBNZ up soon, China PMIs later

The Reserve Bank of New Zealand  kicks it all off today Due at 2100GMT – RBNZ Financial Stability Report Published every six months The FSR assesses & reports on the soundness and efficiency of the New Zealand financial system Media conference and appearance in parliament from governor Wheeler later (see below) 2300GMT – RBNZ governor Wheeler […]

Continue Reading